The Polylastic (POLX) Index is designed to track the performance of tokens within the evolving Elastic Finance industry (EFi). Our index will encompass elastic cryptocurrencies, mint tax tokens, algorithmic stablecoins, cash systems, and whatever comes next. The index is weighted based on community support value, measured by the number of stakeholders and the market capitalization of the token.
The POLX token is a deflationary fee token used for governance and weighting the index according to delegated stakes. As the index performs and earns fees from growth, 100% of the revenue will be used to purchase tokens in the open market and permanently remove them from the total supply. As the EFi space evolves, the POLX token becomes increasingly scarce.